Hit by declining sales in the Italian market, Telecom Italia said that its revenues fell 5.3% year-on-year, on an organic basis, to 6.81 billion euros in the second quarter. But in its Brazilian unit, sales rose 2.1% in the first half of 2010 on an organic basis.
Telecom Italia said it is seeing a "steady and continued recovery" in organic service revenues, which declined 3.4% year-on-year in the second quarter of 2010, following a decline of 4.1% in the first quarter and 6.2% in the fourth quarter of 2009.
The Rome-based operator forecast that its organic revenues will fall by between 2% and 3% in 2010, while capex for the full year is set to come in at 4.3 billion euros, compared with 4.54 billion in 2009. source: Telecom Italia statement
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